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SMEs Growth in the Czech Republic: Some Macroeconomic Perspectives

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dc.title SMEs Growth in the Czech Republic: Some Macroeconomic Perspectives en
dc.contributor.author Verter, Nahanga
dc.contributor.author Osakwe, Christian Nedu
dc.contributor.author Chovancová, Miloslava
dc.contributor.author Bečvářová, Věra
dc.relation.ispartof 18th International Conference Enterprise and Competitive Environment
dc.identifier.isbn 978-80-7509-342-4
dc.date.issued 2015
dc.citation.spage 977
dc.citation.epage 987
dc.event.title 18th International Conference on Enterprise and the Competitive Environment
dc.event.location Brno
utb.event.state-en Czech Republic
utb.event.state-cs Česká republika
dc.event.sdate 2015-03-05
dc.event.edate 2015-03-06
dc.type conferenceObject
dc.language.iso en
dc.publisher Mendelova univerzita v Brně
dc.subject SMEs growth en
dc.subject unemployment en
dc.subject economic growth en
dc.subject finance en
dc.subject enterprises en
dc.description.abstract Small and medium enterprises (SMEs) are seen as a vehicle for employment generation, wealth creation, economic growth and development in countries that have a sound investment climate. SMEs, account for approximately one-third of GDP, over 50% of the value added, 99% of the share of total registered enterprises, and represent 60% of total employment in the Czech Republic. In the light of this background, the paper explores the influence of some macroeconomic variables on SMEs growth in the Czech Republic for the period 1995-2013. In order to assess the impacts of the selected variables on SMEs growth, we employed an econometric technique. Our findings suggest a concave relationship between unemployment and SMEs growth in the Czech Republic. More precisely, it signifies that beyond a turning point, unemployment is likely to slow down SMEs growth in the country. Our results further hint at a positive relationship between economic growth and SMEs growth. However, our empirical estimates showed an insignificant relationship between domestic credit provided by the financial sector and SMEs growth in the country. The government of the Czech Republic should continue to provide an enabling investment climate and support for bolstering a sustainable SMEs development. For instance, the government should provide easier access and affordable credits and loans to SMEs and reduce bureaucratic bottlenecks. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1006718
utb.identifier.obdid 43873538
utb.identifier.wok 000380464000106
utb.source d-wok
dc.date.accessioned 2016-10-25T12:38:08Z
dc.date.available 2016-10-25T12:38:08Z
utb.contributor.internalauthor Chovancová, Miloslava
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